The business provided an update for the first nine months of the year following the end of the third quarter. Due to the impact of Covid-19 and similar restrictions in 2020, the operator analyzed data from January to March 2021 and September 15th to 30th, 2021, when operations reopened. The average daily gross gaming revenue (GGR) was $415,000, showing a 36.6% decrease compared to the same period in 2020. Daily buy-ins for table games were $2.9 million, down $3.5 million from last year. The daily GGR for premium mass games was $285,000, a decline of 7.9% from last year. The average daily rollings were $6.1 million. VIP game daily revenue amounted to $814,000, indicating a 62.4% decrease from 2020. The business currently relies heavily on domestic customers due to limited international travel.
Amidst the challenging Covid-19 situation, the company is actively rejuvenating and revitalizing its businesses. The focused strategy revolves around the domestic mass market, premium mass, and referral VIP business groups. Furthermore, the company plans to leverage tourism opportunities created by foreign visitation once the travel numbers recover. NagaWorld aims to contribute to tourism promotion, particularly in strengthening the ties between China and Cambodia, thereby becoming a key player in the tourism-related business between the two countries.
